state-socialism

state socialism

noun
the theory, doctrine, and movement advocating a planned economy controlled by the state, with state ownership of all industries and natural resources.

Origin:
1875–80

state socialist, noun
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World English Dictionary
state socialism
 
n
a variant of socialism in which the power of the state is employed for the purpose of creating an egalitarian society by means of public control of major industries, banks, etc, coupled with economic planning and a social security system
 
state socialist
 
n

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